Trump Calls Hormuz ‘American Territory’, Says Iran Ready For Deal But Not The ‘Right’ One

Carrier swap, Hezbollah sanctions and oil surge sharpen Middle East uncertainty

Iran has decried impending United States sanctions as a “complete erosion of sovereignty” following US President Donald Trump’s threat to punish any country doing business with Tehran.

Later in his remarks, Trump joked about bombing Iran.

The strait runs between Iran and Oman and normally carries about one-fifth of global oil and liquefied natural gas shipments.